What's at Stake? The CPA Profession on Federal Fiscal Responsibility 


    What’s at Stake? The CPA Profession on Federal Fiscal Responsibility offers guidance on how the U.S. government’s financial statements can be used for greater understanding of the nation’s fiscal health.  Greg Anton, CPA, CGMA, Past Chairman, AICPA Board of Directors and the founder of the Institute’s “What’s at Stake” initiative, offers a non-partisan and clear analysis into why the financial statements provide a different perspective compared to the annual budget. 

    With it's What at Stake initiative, the Institute seeks to call attention to how and why the financial sustainability of our country is at stake.  The CPA profession calls on both policymakers and the public to engage in a national dialogue to improve our country’s fiscal health.

      What's at Stake? A CPA's Insights into the Federal Government's Finances

    In its most recent installment of the What’s at Stake series, the AICPA presents highlights from a March 2015 American Accounting Association Public conference that featured a federal deficit dialogue. Watch as experts Maya MacGuinness, President of the Committee for a Responsible Federal Budget, Joseph DioGuardi, former Member of Congress, and Greg Anton discuss the critical importance of federal fiscal responsibility.

    Links to the current resources: 



    Previous Videos in the Series
       

     

     



    Tools for Starting a Dialogue in Your Community

    Related Resources

    Contact your state CPA society.  

    State CPA societies are engaging in various activities to inform the public and advocate for government fiscal responsibility. Click here for a sample of these activities.

    In December 2012, the American Institute of CPAs conducted an online survey of its members (PDF) and found that majority believe that cutting the federal budget deficit should be the government’s top economic priority and are concerned that individuals and families will be affected most severely if policy makers are unable to reduce the federal debt. Read the release for more information.

    The Board of Directors of the AICPA adopted a resolution underscoring the need to put America on a better economic path and supporting two non-partisan efforts, the Campaign to Fix the Debt and the Comeback America InitiativeRead the resolution.

    State of the Union’s Finances: A Citizen’s Guide from the Peter G. Peterson Foundation, the guide explains fiscal challenges we face, based on the official financial statements of the U.S. government.

    Campaign to Fix the Debt is a non-partisan movement to put America on a better fiscal and economic path. The Campaign mobilizes key communities--including leaders from business, government and policy--and individuals across America who want to see elected officials solve the nation's fiscal challenges.  Learn more about the Campaign’s petition to policy makers to fix the debt.

    Comeback America Initiative: Keeping America Great Led by former Comptroller General David Walker, this organization promotes fiscal responsibility and sustainability by engaging the public and assisting key policymakers on a non-partisan basis in order to achieve solutions to America’s fiscal imbalances. 

    The Committee for a Responsible Federal Budget is a bipartisan, non-profit organization committed to educating the public about issues that have significant fiscal policy impact. The Committee is made up of some of the nation's leading budget experts including many of the past Chairmen and Directors of the Budget Committees, the Congressional Budget Office, the Office of Management and Budget, the Government Accountability Office and the Federal Reserve Board. 

    Congressional Budget Office publication “Federal Debt and the Risk of a Fiscal Crisis” (PDF) July 2010. This publication discusses the long-term impact of the U.S. government’s growing debt on the country.


    Related Videos

    Comeback America: The National’s Fiscal Challenge and a Way Forward:  David M. Walker, CPA, Founder & CEO, Comeback America Initiative discusses the true financial condition of the U.S., pending, tax reform and solutions to federal, state and local fiscal imbalances.

    The Priority of Fixing our National Debt: Paul Stebbins of Campaign to Fix the Debt, speaks about the importance of addressing the country’s debt levels.


    Staff Contacts

    Diana Huntress Deem, CPA
    Director – Congressional & Political Affairs
    ddeem@aicpa.org

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